Artificial Joints Market Size, Status, Share And Forecast By 2026

The Artificial Joints Market is expected to reach USD 26.39 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing geriatric population, increasing incidence of osteoarthritis and arthritis which are expected to further accelerate the market growth globally. Based on statistics, rising obese population, increase unhealthy eating habits which in turn result in obesity which tend to develop knee, and hip replacement surgeries are also some of the factors that help to grow the size of the global market.

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Osteoarthritis is one of the leading diseases in advanced countries. It is also found in adults younger than age 60, who had to undergo total knee and hip replacement surgeries, are providing the market growth in many developed countries. The artificial joint, also known as prosthesis, is a device that is surgically implanted to replace a natural bone to correct joint abnormalities and to improve joint function. The global artificial joints market is segmented on the material used such as oxinium, ceramic, alloy, and other materials. In recent years, artificial joints have gained popularity, and it is anticipated to grow further during the forecast period. Factors such as the decreased risk of chemical inertness, resistance to corrosion, osteolysis, non-allergic properties, and biocompatibility would drive the market growth of the market.

Further key findings from the report suggest

• The artificial joints are designed to replicate the movement of a typical, healthy joint.
• The growing incidences of age-related musculoskeletal disorders are one of the important factors responsible for the market growth globally.
• Musculoskeletal disorders have been the most prevalent disorder that affects the aging population.

• The most common musculoskeletal disorders among the aging population have been fractures, osteoarthritis, osteoporosis, and infections.
• Hip and knee replacements are the most usually performed joint replacements, and it is expected to grow at a CAGR of 4.8% during the forecast period.
• Replacement surgery is suitable for other joints, as well, including the wrist, ankle, shoulder, and elbow.
• Key participants include Aesculap AG, Biomet, Inc., Depuy Synthes (Johnson & Johnson), DJO Global, Inc., Exactech, Inc., Globus Medical, JRI Orthopaedics, Medtronic, Inc., NuVasive, Inc., AK Medical, SAMO, Smith & Nephew, Stryker Corp., Arthrex, Zimmer Holdings.

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For the purpose of this study, Reports and Data have segmented the global Artificial Joints Market on the basis of Material, End-User, Application and Region:

Material Outlook (Revenue, USD Million; 2016-2026)

• Cobalt-chromium alloys
• Titanium alloys
• Metal-plastic

End User Outlook (Revenue, USD Million; 2016-2026)

• Prosthetics clinics
• Hospitals
• Rehabilitation centre
• Others

Application Outlook (Revenue, USD Million; 2016-2026)

• Hip and knee
• Ankle
• Wrist
• Shoulder
• Elbow

Regional Outlook (Revenue, USD Million; 2016-2026)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• South-east Asia
• Latin America
• Brazil
• MEA

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/artificial-joints-market